Category: Business

Walmart says press release on litecoin partnership is fake

Walmart Inc said on Monday that a handout regarding the retailer’s partnership with cryptocurrency litecoin was fake. A spokesperson for the corporate told Reuters that the discharge “was not real”. Litecoin didn’t immediately answer Reuters request for comment. The fake statement said Walmart would allow its customers to form payments with litecoin at its online stores, sending litecoin prices up the maximum amount as 27.4%. It quickly gave up […]

Zomato pulls its grocery delivery biz off the menu

Food delivery giant Zomato Ltd has abandoned plans to diversify into delivering groceries for the second time in two years, citing infrastructure gaps during a highly competitive online grocery market. In a letter to its grocery partners on Friday, Zomato said, “Over the last two months of operations, we’ve had a couple of important realizations. […]

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